Category: GameFi

South Korean DeFi & GameFi startups to get $100M fund from Solana

South Korean organizations and startups working in decentralized finance (DeFi) and GameFi would have a chance to get funded from Solana Ventures. The Solana Ventures and Solana Foundation have set up a $100M investment fund for South Korean Web3 developing startups. Johnny Lee, General Manager of games at Solana Labs announced the fund and that… Continue reading South Korean DeFi & GameFi startups to get $100M fund from Solana

A16z launches $600 million funding under ‘ Games Fund One ‘ Project

The biggest venture capital firm Andreessen Horowitz (a16z) is facilitating a $600 million funding under an umbrella name ‘Games Fund One’ for Web3, Metaverse, and other GameFi Projects. The funds are specifically dedicated to the gaming startups to conquer unprecedented growth. For several years, a16z has been a constant support and most prominent investment firm… Continue reading A16z launches $600 million funding under ‘ Games Fund One ‘ Project

Play-to-earn Axie Infinity compromised second time- MEE6 bot it is

The popular play-to-earn NFT gameFi Axie Infinity has faced a severe compromise on its Discord server on Wednesday. The MEE6 bot on Discord was hacked which is generally used for automated roles like messaging by various crypto projects. The latter shared a false announcement about minting a coin on the platform. Further, the hacker used… Continue reading Play-to-earn Axie Infinity compromised second time- MEE6 bot it is

Sky Mavis to become a ‘Zero-Trust Organization’ after $600M Ronin Hack

After the biggest hack at Sky Mavis, the play-to-earn-gaming organization plans to go ‘zero-trust-organization’ after the $600 million Ronin hack on the platform. The hack took place in March and executed the hack of $625 million worth of NFTs and USDC. Sky Mavis, the creator of Axie Infinity who has pioneered the art of the… Continue reading Sky Mavis to become a ‘Zero-Trust Organization’ after $600M Ronin Hack

The mastermind behind Axie Infinity $625 million hack- North Korean Lazarus group

The U.S. Treasury Department has come up with some serious allegations against North Korea hacking group Lazarus who is said to have performed the biggest crypto hack of $625 million through Ronin Bridge linking Axie Infinity. A month ago Sky Mavis discovered and informed about the hack of 175,000 ETH tokens along with 25.5 million… Continue reading The mastermind behind Axie Infinity $625 million hack- North Korean Lazarus group

Sky Mavis raises $150M to compensate for the $625M hack affected users

Sky Mavis, the creator of Axie Infinity is raising $150 million to compensate the last week’s hack of $600 million. The news has emerged in wake of the attack which took place last week through Ronin Bridge that led to about 175k ETH stolen from the on-chain network. Further, Binance is the leading firm to… Continue reading Sky Mavis raises $150M to compensate for the $625M hack affected users

NFT gaming platform Axie Infinity’s Ronin Network compromised for $600M

Popular NFT gaming platform Axie Infinity’s Ronin Network compromised for $600M. The official announcement for the security breach was made on Ronin’s Twitter handle while a community alert was generated through the Ronin blog post yesterday. This is also considered the largest hack in the crypto world so far. According to Axie Infinity’s official sources,… Continue reading NFT gaming platform Axie Infinity’s Ronin Network compromised for $600M

Beginners guide to GameFi and Play-to-Earn

Blockchain is penetrating every section of the industry. Today, blockchain is helping to create next-level apps including decentralized finance, governance, dApps, marketplaces, entertainment, socialization, and more. And not just it provides a decentralized system but also deals with some featured problems like money, reliability, interoperability, transparency, managing the identity along with data, etc. In this… Continue reading Beginners guide to GameFi and Play-to-Earn